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Evening Post, Volume CXXXIII, Issue 135, 10 June 1942, Page 3

NEW COMPANIES,

. Registration ,of. new private companies reported by the "Mercantile Gazette" include:— A. G. Wells; Ltd;. • Wellington. Capital: £4000 into 4000 shares of £1 each. Subscribers: Wellington—A. G. F. Wells 2500, P. H. Putnam -1500. Objects: Builders, contractors, conetructural engineers, and Incidental. F. S. Birch and Son, Ltd., Longburn. Capital: £6000 into 6000 shares of £1 each. Subscribers: Longburn—F. S. Birch 5500, W. F. Birch 400, M. E. Birch 100. Objects: Bakers, manufacturers of and dealers in bread, flour, biscuits,: and ■ incidental. : NORTHERN STEAMSHIP PROFITS. . A net profit of £3396-is reported by the Northern Steamship Company, Auckland, for the year ended March 31, after providing for depreciation, insurance, taxation, and contingencies. This compares with £4115 in the previous year, when £ 1544 was added to re- ■ serves before profit was struck. The directors - recommend a dividend of 3 per cent., absorbing £3390, leaving £1209 to be carried forward.' Last year the dividend was SYa per cent. • ■ ■ •■ SHARE MARKET CONFIDENT. <By '. Telegraph—Press Association—Copyright. I, . . SYDNEY, June 9. : The share market today displayed strong confidence as a result of 'the more favourable turn In, the; war news, * particularly' In the Pacific. There was much keener Inquiry for bank, brewery, s, gas, and shipping shares, and bonds gained Strength. Bank of New South Wales £ 25i Commercial - Banking Co. of Sydney £15 16a, National Bank of Aust. (£5 paid) ;S5 ss, British Tobacco 34s 3d, Tooths 41s 6d, Woolworths . 13s, Woolworths (N.Z.) 12s 9d, Aust. Consol. Indust. 36s 4d, Stedman 11s 6d, Masonile 26a 6d, Broken Hill Pty. 80s l%d, Arahura Dredge 19s 3d, Larut Tin 2s Id. DOMINION BREWERIES. : Directors of Dominion Breweries Ltd, Auckland, recommend* a final dividend of 3 per cent., making. 7 per cent, for the year. For last year the dividend was 8 1/. per cent., for 1940,,. it was 12 per cent., MINE AND DREDGE. , Blackwater Mines, Ltd., during May crushed 3861s tons, yielding 14060z of gold from all sources, the value of which, when taking gold at 168s a fine oz, was £11,810. Working expenses, not including ordinary charges or. war duty, were £7872. Development expenditure was £912, and capital expenditure was £501. Blackwater Creek return was 350z for 94 hours' dredging FRUIT AND VEGETABLE PRICES. • Market Gardeners, Ltd, Wellington, report prices of fruit. and vegetables sold as follows :—Tomatoes, 10s to 16s 6d; Chinese gooseberries, 6s 9d to 15s 9d; rhubarb, 4s to 14s; carrots, 4s to 6s; beetroot, 2s to 3s; leeks, 6s to 9s; celery, 6s to 19s, all a dozen bunches; cabbage. Is to,2s; parsnips, 6s to 8s; carrots, 5s to 7s *6d i . marrows. Is 6d to 3s; spinach, 2s to 7s; lettuce, 10s to 13s; celery, 9s to 11s; leeks, 6s to 8s; sprouts, 8s to 21s; swedes, 3s" to 5s 6d; cauliflower, 2s to 3a 6d; beetroot, 2s to 3s, all a case; pumpkins, 2s to 8s; cabbage, Is to 4s; swedes, 5s to 6s; cauliflower, 2s 6d to 10s, all a sack. DOW JONES SHARE AVERAGES: (By .Telegraph—Press Association—Copyright.) NEW YORK, June 8. i Dow •Jones- (1926 equals 100): — :■-..- 20 30 . Shares Rails.. Indus. sold. June I .... 23.59 101.37 307,000 June 4 .... 23.36 102.15. 334.00U June 6 23.48 104.52 103,000 June 8 .... 23.85 105.55 356,00b Industrials,-1941: High, 133.59; low, 106.34. LONDON SHARE INDICES. (By Telegraph—Press Association—Copyright.) LOND.ON, Juno 9. "Financiftl Times" '. indices (1926 equals 100) :— Govt. Home Indus- Gold- • • see's, rails, trials, mines. June I .... 113.9 57.3 100.3 151.6 June 8 .... 113.9 57.4 101.4 152.7 June 9 .... 113.9 57.7 101.7 152.8 Industrials, 1941: High, : 105.9; low, 83.0. INSTALMENT BUYING CONTROL. ' The United States Federal Reserve Board has drawn up stiff regulations controlling credit and instalment purchases of' nearly every article in common u?e. : The" new rules provide that charge accounts must be paid by the tenth y day of the second month following, .purchase: Instalment credit purchasers must pay one-third down and the balance in 12 months, except in the case of motor-cars, the instalment purchase of which provides for payment of the balance in 15 months, and furniture and pianos, on which one-fifth must be paid and the balance in 12 months. . Regardless of the total price, payments must be at ■ least five , dollars a month. The rules also tighten up the conditions relating to cash loans up to 1500 dollars (about £466) made, by-banks or other lenders. If a loan Is repayable in a lump sum, it must be paid within 90 days. Other restrictions are designed*to prevent evasions of the instalment buying tules.